Bloomberg: If the Options Market Is Right, China's Stock Rescue Is Doomed
Options traders have never been so pessimistic on China’s stock market, betting the government’s renewed effort to prop up share prices is doomed to fail.Sunday night futures look ugly.
The cost of bearish contracts on the China 50 exchange-traded fund surged to the highest level versus bullish ones since they started trading in Shanghai six months ago. The so-called skew also climbed to a record for a similar ETF in the U.S., even as government buying drove China’s benchmark index to a 10 percent rally in the final two days of last week.
ZH: Black(er) Monday Looms: Dow Futures Down 220 After J-Hole Speeches & China Fold
FT: Beijing abandons large-scale share purchases
BBC: China punishes 197 over stock market and Tianjin 'rumours'
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